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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies 497
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GM, Samsung SDI to build $3B battery plant in Indiana

Green Car Congress

GM and Samsung SDI, which announced their joint venture in April, will build the plant just east of New Carlisle at Larrison Boulevard and Indiana 2 to supply GM’s growing EV production needs. GM plans to install more than 1 million units of annual EV capacity in North America in 2025 and accelerate from there.

Indiana 150
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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. SPACs, which raise money through an IPO for the purpose of acquiring an existing company, have existed for decades, but have surged recently.

Fleet 448
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Lightning eMotors delivers first all-electric motorcoach to ABC Companies; order for 200 ZEVs

Green Car Congress

Lightning eMotors, a leading provider of commercial electric vehicles for fleets, announced a $45-million order for its zero-emission powertrain systems from Faribault, Minnesota-based motorcoach supplier ABC Companies. —Roman Cornell, president and chief commercial officer of ABC Companies. —Roman Cornell.

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Northern Graphite closes acquisition of two graphite mines; 3rd largest non-Chinese graphite company

Green Car Congress

Canada-based Northern Graphite Corporation has closed its previously announced acquisition of the producing Lac des Iles graphite mine (LDI) in Québec from a subsidiary of Imerys SA and the Okanjande graphite deposit/Okorusu processing plant in Namibia from a subsidiary of Imerys and its joint venture partner. million in cash.

Namibia 284
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Toyota to invest $3.4B in batteries in US through 2030; new company, new plant

Green Car Congress

trillion) set aside for investment in battery development and production announced last month by Toyota Motor Corporation. To drive battery production localization, Toyota Motor North America also will establish a new company and build an automotive battery plant together with Toyota Tsusho in the US. billion (¥1.5

Toyota 186
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Honda to advance fuel cell system as core of its hydrogen business; expansion to other areas; new FCEV in 2024

Green Car Congress

In 2024, in North America and Japan, Honda will launch a FCEV model equipped with this next-generation fuel cell system jointly developed with GM. This model will be based on the CR-V introduced last year in North America and equipped with the next-generation fuel cell system. Commercial vehicles. in California.

Honda 428